Campbell Soups is a newly established company that specializes in preparing healthy but tasty food for children under the age of 5. It is incurring huge productions costs, nonexistent profits, and slow sales growth. The company is in the ________ phase of its life cycle.
A) stagnancy
B) introduction
C) maturity
D) decline
E) growth

Question

Quizplus · Accepted Answer

Campbell Soups is a newly established company and is struggling with high production costs, low profits, and slow sales growth, which indicates that it is in the introduction phase of its life cycle. During this phase, the company focuses on establishing a market and brand awareness for its products.

Campbell Soups Is a Newly Established Company That Specializes in Preparing